Moody’s Corporation $MCO Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp reduced its position in Moody’s Corporation (NYSE:MCO) by 6.2% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 198,396 shares of the business services provider’s stock after selling 13,155 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.11% of Moody’s worth $99,513,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Saudi Central Bank acquired a new stake in shares of Moody’s in the first quarter valued at approximately $30,000. ORG Partners LLC increased its holdings in shares of Moody’s by 50.0% in the 2nd quarter. ORG Partners LLC now owns 66 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 22 shares during the period. Central Pacific Bank Trust Division raised its position in Moody’s by 42.9% in the 2nd quarter. Central Pacific Bank Trust Division now owns 80 shares of the business services provider’s stock valued at $40,000 after purchasing an additional 24 shares during the last quarter. Maryland Capital Advisors Inc. acquired a new stake in Moody’s during the 2nd quarter worth $47,000. Finally, Meeder Asset Management Inc. grew its position in Moody’s by 132.6% during the 1st quarter. Meeder Asset Management Inc. now owns 107 shares of the business services provider’s stock worth $50,000 after purchasing an additional 61 shares during the last quarter. Hedge funds and other institutional investors own 92.11% of the company’s stock.

Moody’s Price Performance

Shares of MCO opened at $492.42 on Wednesday. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 1.70. The stock’s 50 day moving average is $487.37 and its two-hundred day moving average is $490.76. Moody’s Corporation has a twelve month low of $378.71 and a twelve month high of $531.93. The firm has a market capitalization of $87.85 billion, a PE ratio of 39.58, a P/E/G ratio of 2.79 and a beta of 1.40.

Moody’s (NYSE:MCO) last posted its quarterly earnings results on Wednesday, October 22nd. The business services provider reported $3.92 EPS for the quarter, beating the consensus estimate of $3.70 by $0.22. Moody’s had a return on equity of 63.58% and a net margin of 29.92%.The business had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.92 billion. During the same period last year, the firm earned $3.21 EPS. The company’s quarterly revenue was up 10.7% compared to the same quarter last year. Moody’s has set its FY 2025 guidance at 14.500-14.750 EPS. Research analysts anticipate that Moody’s Corporation will post 13.95 earnings per share for the current year.

Moody’s Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 21st will be given a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Friday, November 21st. Moody’s’s payout ratio is presently 30.23%.

Insider Buying and Selling at Moody’s

In related news, CEO Robert Fauber sold 1,167 shares of the firm’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $478.95, for a total value of $558,934.65. Following the completion of the sale, the chief executive officer owned 61,082 shares in the company, valued at $29,255,223.90. This trade represents a 1.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last 90 days, insiders have sold 2,984 shares of company stock worth $1,470,249. Corporate insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MCO. Seaport Res Ptn raised shares of Moody’s to a “strong-buy” rating in a report on Wednesday, October 1st. JPMorgan Chase & Co. reduced their price objective on Moody’s from $580.00 to $560.00 and set an “overweight” rating for the company in a research note on Thursday, October 23rd. Mizuho increased their price objective on Moody’s from $539.00 to $550.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 28th. Royal Bank Of Canada reissued an “outperform” rating and issued a $550.00 target price on shares of Moody’s in a report on Thursday, October 9th. Finally, Robert W. Baird upped their price target on Moody’s from $525.00 to $552.00 and gave the stock an “outperform” rating in a research note on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $543.07.

Moody’s Company Profile

Moody’s Corporation operates as an integrated risk assessment firm worldwide. It operates in two segments, Moody’s Analytics and Moody’s Investors Services. The Moody’s Analytics segment develops a range of products and services that support the risk management activities of institutional participants in financial markets.